One of the most popular social media platform is celebrating his 15th anniversary, Since facebook was launched on february 4,2004 when he was higher-school student at Harvard, he build his facebook with fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes with motive of fun and to get connected with friends moreover within a month of launch, half of Harvard student where facebook members so facebook gain much popularity within a short period of time, so zuckerberg dropped out of school in 2004 to grow his business in large scale which we can see in these days, he is fifth-richest person of the world, net worth of $65.6 billion according to data of 2018. So lets share his hasty journey towards fifth-richest person of the world.
After a huge success on May 2005 zuckerberg and his small team moved to a small office in Palo Alto,California and earned approximately $14 million in funding to enlarge his business.On 2008 he entered in the list of world billionaires with title of world’s youngest billionaire with net worth of $1.5 billion. At the same year he was struck by the law for stealing idea of former harvard classmates Cameron and Tyler Winklevoss and Divya Narendra they claimed facebook stole their idea of creating social media site from their social media platform Connect U and they won $65 million from facebook.Over the next few year he got involved in advocating for the spreading of internet access around the world.As time passed away facebook grew up and develop business skills by making some shrewd tech acquisitions. Facebook bought Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014 which which means facebook have 50% ownership over Instagram and WhatsApp. In March he acquired Oculus VR company for $2 billion which increase zuckerberg net worth to $30 billion at the end of year.
In December, 2015 zuckerberg and his wife Priscilla Chan established the Chan Zuckerberg Initiative in a motive to find new ways to leverage technology, community-driven solutions, and collaboration to accelerate progress in Science, Education, and within our Justice & Opportunity work and to advance human potential and promote equality.In 2017 facebook came in intense critical observation for spreading fake news and misuse of user information during the 2016 presidential election and simultaneously at 2018 it was revealed that the British consulting firm Cambridge Analytica acquired the personal data of 87 million Facebook users in an effort to move the election to Donald Trump hand. He had became the scandal at 2018 in a testimony before Congress in April 2018, saying, “we have made a lot of mistakes in running the company. I think it’s pretty much impossible, I believe, to start a company in your dorm room and then grow it to be at the scale that we’re at now without making some mistakes.” .which brings him and his company into huge loss of around $12.8 billion which brings his net worth into $62.2 billion, according to Bloomberg which is a software company who delivers business and markets news, data, analysis, and video to the world and by the end of 2018 his net worth dropped into $49.4 billion but after all these ups and downs he have net worth of $62.5 billion, making him the fifth-richest person at the age of 34.
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